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Business, 28.09.2019 02:20 krystalruby1219

If a firm's average total cost is less than price where mr = mc,
a. the firm should cut back on its output to lower its cost.
b. the firm should raise its price.
c. the firm should produce if its price exceeds average variable cost.
d. the firm should shut down.

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If a firm's average total cost is less than price where mr = mc,
a. the firm should cut back...

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